Ventas, Inc.
Ventas, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Real Estate Investment Pr… | |||||||||||||||||
Land And Land Improvements | 3,261 | 3,055 | 2,963 | 2,922 | 2,842 | 2,815 | 2,776 | 2,639 | 2,589 | 2,574 | 2,596 | 2,601 | |||||
Investment Building And Building Improvements | 33,347 | 31,723 | 30,873 | 30,488 | 29,718 | 29,327 | 28,718 | 27,627 | 27,358 | 27,201 | 27,201 | 27,220 | |||||
Construction In Progress Gross | 254 | 361 | 359 | 346 | 306 | 355 | 336 | 362 | 411 | 416 | 368 | 459 | |||||
Finite Lived Intangible Assets Gross | 1,938 | 1,771 | 1,681 | 1,662 | 1,556 | 1,608 | 1,559 | 1,461 | 1,454 | 1,440 | 1,448 | 1,470 | |||||
Operating Lease Right Of Use Asset | 317 | 294 | 296 | 299 | 302 | 306 | 308 | 310 | 313 | 319 | 312 | 317 | |||||
Real Estate Investment Property At Cost | - | - | 36,171 | - | - | - | 33,697 | - | - | - | 31,926 | - | |||||
Real Estate Investment Property Net | - | - | 24,127 | - | - | - | 22,601 | - | - | - | 21,749 | - | |||||
Real Estate Investments Unconsolidated Real Estate… | 591 | 611 | 618 | 653 | 627 | 632 | 626 | 623 | 609 | 601 | 598 | 579 | |||||
Real Estate Investments | - | - | 24,888 | - | - | - | 23,372 | - | - | - | 22,375 | - | |||||
Cash And Cash Equivalents At Carrying Value | 199 | 184 | 741 | 189 | 614 | 182 | 898 | 1,105 | 557 | 632 | 509 | 434 | |||||
Restricted Cash And Cash Equivalents | - | - | - | - | - | - | 59 | - | - | - | 55 | - | |||||
Goodwill | 1,046 | 1,046 | 1,046 | 1,046 | 1,046 | 1,045 | 1,045 | 1,046 | 1,045 | 1,045 | 1,045 | 1,045 | |||||
Assets Of Disposal Group Including Discontinued Op… | 29 | 14 | 43 | 70 | 50 | 155 | 19 | 51 | 43 | 41 | 56 | 43 | |||||
Deferred Income Tax Assets Net | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 7 | |||||
Other Assets | 834 | 817 | 826 | 805 | 734 | 760 | 793 | 803 | 703 | 714 | 683 | 684 | |||||
Assets | 29,656 | 27,687 | 27,592 | 26,926 | 26,475 | 26,032 | 26,187 | 25,347 | 24,530 | 24,673 | 24,725 | 24,967 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Debt Longterm And Shortterm Combined Amount | 12,688 | 12,518 | - | 12,572 | 13,056 | 12,702 | - | 13,669 | 13,175 | 13,555 | - | 13,388 | |||||
Interest Payable Current And Noncurrent | 142 | 114 | 143 | 113 | 130 | 107 | 143 | 114 | 122 | 123 | 117 | 120 | |||||
Operating Lease Liability | 231 | 208 | 209 | 216 | 217 | 220 | 218 | 215 | 213 | 202 | 195 | 198 | |||||
Accounts Payable And Accrued Liabilities Current A… | 1,349 | 1,242 | 1,241 | 1,226 | 1,132 | 1,126 | 1,152 | 1,149 | 1,003 | 1,020 | 1,042 | 1,090 | |||||
Liabilities Of Disposal Group Including Discontinu… | 3 | 2 | 4 | 4 | 3 | 2 | 3 | 5 | 5 | 8 | 9 | 5 | |||||
Deferred Income Tax Liabilities Net | 31 | 27 | 23 | 21 | 14 | 10 | 8 | 37 | 33 | 20 | 25 | 26 | |||||
Liabilities | 14,444 | 14,110 | 14,631 | 14,152 | 14,554 | 14,166 | 15,047 | 15,189 | 14,551 | 14,929 | 14,878 | 14,827 | |||||
Temporary Equity Carrying Amount Including Portion… | 509 | 395 | 375 | 350 | 329 | 340 | 310 | 330 | 311 | 285 | 303 | 265 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 128 | 122 | 119 | 117 | 113 | 112 | 109 | 105 | 103 | 101 | 101 | 101 | |||||
Additional Paid In Capital Common Stock | 22,478 | 20,769 | 19,976 | 19,695 | 18,702 | 18,488 | 17,607 | 16,466 | 16,136 | 15,756 | 15,651 | 15,678 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -32 | -38 | -40 | -38 | -34 | -32 | -34 | -38 | -17 | -20 | -36 | -6 | |||||
Retained Earnings Accumulated Deficit | -7,926 | -7,727 | -7,528 | -7,369 | -7,209 | -7,058 | -6,887 | -6,748 | -6,577 | -6,410 | -6,214 | -5,941 | |||||
Treasury Stock Value | - | - | -0 | - | - | - | -25 | - | - | - | -14 | - | |||||
Treasury Stock Common Value | 0 | 0 | - | -43 | -43 | -41 | - | -25 | -25 | -25 | - | -14 | |||||
Stockholders Equity | 14,649 | 13,125 | 12,586 | 12,424 | 11,592 | 11,470 | 10,771 | 9,829 | 9,668 | 9,403 | 9,544 | 9,818 | |||||
Minority Interest | 53 | 57 | 59 | 62 | 63 | 57 | 58 | 70 | 48 | 56 | 56 | 57 | |||||
Liabilities And Stockholders Equity | 29,656 | 27,687 | 27,592 | 26,926 | 26,475 | 26,032 | 26,187 | 25,347 | 24,530 | 24,673 | 24,725 | 24,967 | |||||
Preferred Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Authorized | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||
Common Stock Par Or Stated Value Per Share | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | |||||
Common Stock Shares Authorized | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 600 | 1,200 | 600 | 600 | 600 | 600 | 600 | |||||
Common Stock Shares Issued | 513 | 486 | 475 | 469 | 454 | 451 | 437 | 419 | 413 | 404 | 402 | 402 | |||||
Shares Outstanding | 513 | 486 | - | 469 | 454 | 451 | - | 419 | 413 | 404 | - | 402 | |||||
Treasury Stock Common Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.70% | -6.82% | 10.38% | - | - | - | - | - | - | - | - | - |
| 2025 | -2.17% | -4.71% | 1.17% | 0.91% | -0.07% | 5.85% | 6.56% | 6.37% | 6.15% | 4.37% | -0.78% | 1.95% |
| 2024 | 2.77% | 9.09% | 16.34% | 5.64% | 10.23% | 17.04% | -2.96% | -10.28% | -9.37% | 4.51% | 1.59% | 3.22% |
| 2023 | - | - | - | -4.16% | -5.27% | -5.90% | 2.34% | 13.20% | 9.98% | 0.48% | -1.52% | 6.94% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 1.50 | 1.45 | 1.43 | 1.48 | 1.40 | 1.31 | 1.20 | 0.87 | 0.73 | 0.89 | 0.95 | 1.05 | |||||
Per Share Metrics | |||||||||||||||||
| Free Cash Flow Per Share TTM | 3.51 | 3.54 | 3.47 | 3.30 | 3.35 | 3.07 | 3.04 | 2.95 | 2.83 | 2.83 | 2.78 | 2.75 | |||||
| Dividend Per Share TTM | 1.81 | 1.83 | 1.81 | 1.75 | 1.74 | 1.68 | 1.69 | 1.75 | 1.76 | 1.79 | 1.80 | 1.80 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 89.22% | 89.39% | 89.51% | 62.28% | 55.87% | 76.51% | 82.13% | 88.34% | 87.19% | 87.06% | 87.24% | 87.53% | |||||
| Operating Profit Margin TTM | 3.61% | 3.41% | 3.50% | 7.87% | 7.47% | 1.58% | -0.24% | -2.32% | -4.60% | -2.92% | -2.57% | -1.97% | |||||
| Net Profit Margin TTM | 4.51% | 4.44% | 4.31% | 14.57% | 13.83% | 5.54% | 2.41% | -1.27% | -3.29% | -1.57% | -0.91% | 0.29% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 326.69% | 127.55% | 72.97% | -68.74% | -70.91% | -44.34% | -25.01% | 19.08% | 10.18% | 10.11% | 8.93% | 16.11% | |||||
| Net Income Growth (1Y) | 38.99% | 82.29% | 209.76% | -458.00% | -222.26% | -296.13% | -298.06% | -627.43% | -281.76% | 19.22% | 0.10% | -134.97% | |||||
| EPS Growth (1Y) | 23.09% | 69.20% | 185.08% | -419.73% | -211.20% | -275.80% | -282.34% | -606.19% | -276.25% | 17.93% | -0.56% | -134.76% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 173.26 | 152.63 | 144.41 | 136.72 | 147.87 | 211.33 | 304.75 | -386.23 | -128.46 | -228.16 | -454.59 | 1,248.83 | |||||
| P/B TTM | 3.11 | 3.01 | 2.88 | 2.60 | 2.41 | 2.62 | 2.28 | 2.59 | 2.06 | 1.76 | 1.95 | 1.59 | |||||
| P/S TTM | 7.81 | 6.77 | 6.22 | 19.91 | 20.46 | 11.71 | 7.33 | 4.91 | 4.23 | 3.59 | 4.14 | 3.59 | |||||
| Market Cap | 45.55B | 39.52B | 36.30B | 32.26B | 27.97B | 30.02B | 24.73B | 25.46B | 19.87B | 16.52B | 18.63B | 15.61B | |||||
| Enterprise Value | 45.33B | 39.32B | 35.52B | 32.02B | 27.29B | 29.77B | 23.77B | 24.29B | 19.26B | 15.84B | 18.06B | 15.11B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.80B | 1.72B | 1.65B | 1.55B | 1.52B | 1.38B | 1.33B | 1.24B | 1.17B | 1.14B | 1.12B | 1.11B | |||||
| Net Debt | -223.82M | -201.29M | -786.14M | -242.55M | -676.76M | -245.96M | -957.23M | -1.17B | -615.28M | -688.41M | -563.46M | -491.75M | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
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| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
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| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
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Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
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| Net Debt to Equity | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| PEG Ratio | |||||||||||||||||
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| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Ventas, Inc. (VTR) — SEC Financial Statements & Analysis
Ventas, Inc. (VTR) is a real estate investment trusts company, incorporated in DE. Ventas, Inc. trades on NYSE as: VTR. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Ventas, Inc. reported a 326.69% year-over-year revenue growth, a Gross Profit Margin of 89.22% (TTM), a Price-to-Sales (P/S) ratio of 7.81x (TTM), a Price-to-Book (P/B) ratio of 3.11x (TTM), at a market cap of $45.55B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 326.69%
- Gross Profit Margin TTM
- 89.22%
- P/S TTM
- 7.81x
- P/B TTM
- 3.11x
- Market Cap
- $45.55B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Ventas, Inc. in?
Ventas, Inc. (VTR) operates in the Real Estate Investment Trusts industry.
What is VTR's market cap?
Ventas, Inc. (VTR) has a market capitalization of $45.55B as of 2026-06-30.
What is VTR's P/E ratio?
Ventas, Inc. (VTR)'s trailing twelve month P/E ratio is 173.26x as of 2026-06-30.
What exchange does VTR trade on?
Ventas, Inc. (VTR) trades on the NYSE.
Where is Ventas, Inc. incorporated?
Ventas, Inc. is incorporated in DE.